Fidessa explores challenges and opportunities of Best Execution in Australia-continued

Third white paper in series on Australia looks at how firms can turn regulatory burden into competitive edge
February 7, 2012 – Fidessa group plc, provider of high-performance trading, investment management and information solutions for the world’s financial community, has today announced the publication of the third in its series of white papers looking at issues raised by the new market integrity legislation in Australia.

Entitled Beauty and the Best - the perils and opportunities of Best Execution in a multi-market structure, the paper examines different ways in which equity brokers might approach the new obligation for Best Execution, and how their buy-side clients will be affected.

This latest paper considers how far it is possible to achieve and demonstrate Best Execution in the changed equity trading landscape, exploring what it means for market participants of all types and how its implementation might play out. As with preceding papers, Beauty and Best draws on Fidessa’s global experience to highlight the critical differences between Australia’s own Best Execution requirements and those that apply in other jurisdictions. The paper goes on to assess how these may become a key point of competitive differentiation in Australia just as they have in some other markets.

Chinese regulator vows share support after markets tumble 8.5 percent in a day

July 27, 2015--China said on Monday it was prepared to buy shares to stabilize the stock market and avert "systemic risks", after major indices plunged more than 8 percent in the biggest one-day fall since 2007.

BlackRock steps up China drive with new license to raise onshore funds

July 21, 2015--U.S. fund giant BlackRock Inc (BLK.N) has won a special new licence that will allow it to raise funds in China directly for the first time, a senior executive told Reuters, paving the way for the world's largest money manager to expand in the mainland.

After Six Years Of Secrecy, China Has Released Questionable Gold Reserve Figures

July 17, 2015--After six years of mystery over how much gold China is actually hoarding, the nation surprised the bullion market on Friday by unveiling its first reserve figures since last published in April 2009, which showed a near 60 percent jump versus expectations that holdings had tripled since that time.

July 14, 2015--The Australian exchange traded fund (ETF) market continued its rapid growth over the first half of the year with ETF market capitalisation growing by $3.4 billion (23%) to reach a new record high of $18.4 billion at the end of the 2014/15 financial year.

July 14, 2015--The Bank of Japan trimmed its economic growth forecast on Wednesday but held off on offering fresh stimulus, convinced that an expected pick up in consumption will help accelerate inflation toward its 2 percent target.

July 14, 2015--China's stocks fell for a second day after better-than-expected economic data failed to boost investor confidence in the world's worst-performing equity market and more companies resumed trading.

TAIFEX has also launched two new ETF Futures on China's leading stock indices, the FTSE China A50 Index and the SZSE 100 Index.July 13, 2015--Despite the recent crash of the Chinese equity market, the trend to internationalize the yuan (also known as RMB and CHN) continues.

July 13, 2015--Summary: As China implements reforms under the "new normal," maintaining stability in the labor market is a priority. The country's demography and labor dynamics are changing, after benefitting in past decades from ample cheap labor. So far, the labor market appears to be resilient, even as growth slows, driven in part by expansion of the services sector.

July 9, 2015--The Ministry of Public Security said Thursday it is planning a nationwide campaign to crack down on illegal operations in the field of securities and futures to protect the order of capital markets and investors' interests.

July 9, 2015--China's market is broken. Not the way the New York Stock Exchange broke for four hours on Wednesday, and not merely because China's government is doing everything short of sending in tanks to make shares go up

July 8, 2015--Growth is forecasted at 4.7 percent for 2015, revised down from the previous forecast of 5.2 percent, as real output growth slowed to 4.7% year-on-year in the first quarter of 2015, the slowest pace since 2009.

Assets invested in ETFs and ETPs listed in Japan reached a record 120 billion US dollars at the end of the first half of 2015 according to ETFGI

July 8, 2015--Assets invested in ETFs and ETPs listed in Japan reached a new record of US$120 billion at the end of the first half of 2015 as well as a record level of US$18 billion in net new assets (NNA).

July 7, 2015--The Month in Review It wasn't a great month! Fears regarding Greece, combined with pre-existing concerns regarding share price overvaluation, weakened Australian equities again last month.

July 6, 2015--China's biggest exchange-traded fund (ETF) jumped more than 6 percent on Monday in record turnover, in the clearest sign yet that money from Chinese brokerages, mutual funds and sovereign wealth funds could be flowing into blue chips as part of a rescue package unveiled over the weekend.

July 6, 2015--Eleven international asset managers have applied to take part in China's mutual recognition of fund scheme as regulations restricting the flow of money between Hong Kong and the mainland are loosened.

July 6, 2015--Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Wednesday, 8 July 2015,

July 4, 2015--China's top 21 securities brokerages said on Saturday that they would collectively invest at least 120 billion yuan ($19.3 billion to help stabilise the country's stock markets after a slump of nearly 30 percent since mid-June.

World's second-largest economy also plans to establish fund to stabilize markets
July 4, 2015--China decided to suspend new stock sales and, in a first, establish a fund to stabilize the country's share markets, making clear the increasing concern among China's leadership that the stock panic could spread to other parts of the world's second-largest economy.

July 3, 2015--Hong Kong Exchanges and Clearing Limited (HKEx) published today (Friday) its consultation conclusions on the proposed introduction of a Volatility Control Mechanism (VCM) to safeguard its securities and derivatives markets and a Closing Auction Session (CAS)

July 3, 2015--Ten more Exchange Traded Funds (ETFs) have been converted to Excluded Investment Products (EIP) status, increasing the total number of EIP ETFs listed on SGX to 19 and providing retail investors with more choices, without them having to be pre-qualified

China Is Adjusting to Slower Economic Growth, Says New World Bank Report

July 3, 2015--Growth in China is expected to decelerate to 7.1 percent in 2015 and 6.9 percent by 2017, reflecting a growth trajectory that is slower but more balanced and sustainable- a "new normal" for the world's second-largest economy, according to the World Bank's China Economic Update released today.

July 3, 2015--Korea Exchange (KRX) announced that it will publish the KOSPI 200 MidSmallCap index which consists of outstanding mid and small capital stocks among constituent stocks of the KOSPI 200 on Monday, July 13, 2015..